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World Bank Oks Wolfowitz To Head Bank

HeadlineApr 01, 2005

The World Bank board has unanimously approved the nomination of Deputy Defense Secretary Paul Wolfowitz to be the next president of the 184-nation institution. The board that approved him consists of 24 members. Earlier this month, President Bush surprised the international community by recommending Wolfowitz for the job. Wolfowitz’s is known as a hard-line foreign policy hawk, a leading neo-con and was one of the main architects of the invasion of Iraq. The bank traditionally has had a US president and its sister institution, the International Monetary Fund, is headed by a European. Protesters gathered outside of the World Bank headquarters in Washington DC in opposition to Wolfowitz’s approval. He takes over June 1.

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